Headwater Exploration Inc (HWX) — Financial Flexibility Index
Headwater Exploration Inc (HWX) has a Financial Flexibility Index of 0.39x as of March 2026. Free cash flow of CA$106.81 Million (operating CF CA$40.07 Million minus capex CA$66.74 Million) represents 0% of total liabilities (CA$272.16 Million). Check Headwater Exploration Inc (HWX) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Headwater Exploration Inc Financial Flexibility Index (1995–2025)
Historical Financial Flexibility Index trend for Headwater Exploration Inc across 31 annual periods. For the full cash flow conversion analysis, see HWX cash flow conversion.
Annual Financial Flexibility Index for Headwater Exploration Inc (1995–2025)
Year-by-year free cash flow to debt coverage for Headwater Exploration Inc. Explore HWX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.97x | CA$486.26 Million | CA$299.14 Million | CA$247.01 Million | ▼ -7.6% |
| 2024 | 2.13x | CA$539.60 Million | CA$316.74 Million | CA$253.18 Million | ▼ -11.4% |
| 2023 | 2.41x | CA$543.39 Million | CA$303.32 Million | CA$225.84 Million | ▼ -13.6% |
| 2022 | 2.78x | CA$532.85 Million | CA$283.93 Million | CA$191.41 Million | ▲ +0.5% |
| 2021 | 2.77x | CA$252.04 Million | CA$111.66 Million | CA$91.02 Million | ▲ +148.4% |
| 2020 | 1.11x | CA$35.29 Million | CA$230.00K | CA$31.66 Million | ▲ +63.0% |
| 2019 | 0.68x | CA$9.55 Million | CA$8.86 Million | CA$13.96 Million | ▼ -34.2% |
| 2018 | 1.04x | CA$14.12 Million | CA$11.87 Million | CA$13.60 Million | ▲ +1012.4% |
| 2017 | 0.09x | CA$1.18 Million | CA$1.08 Million | CA$12.62 Million | ▼ -74.8% |
| 2016 | 0.37x | CA$4.00 Million | CA$3.58 Million | CA$10.81 Million | ▼ -53.8% |
| 2015 | 0.80x | CA$8.20 Million | CA$7.80 Million | CA$10.25 Million | ▼ -70.0% |
| 2014 | 2.67x | CA$32.00 Million | CA$12.80 Million | CA$12.00 Million | ▲ +144.6% |
| 2013 | 1.09x | CA$10.76 Million | CA$9.68 Million | CA$9.86 Million | ▲ +83.3% |
| 2012 | 0.59x | CA$5.46 Million | CA$5.26 Million | CA$9.18 Million | ▼ -73.0% |
| 2011 | 2.20x | CA$19.58 Million | CA$10.63 Million | CA$8.88 Million | ▲ +60.3% |
| 2010 | 1.38x | CA$36.04 Million | CA$14.18 Million | CA$26.20 Million | ▼ -40.8% |
| 2009 | 2.32x | CA$71.07 Million | CA$32.71 Million | CA$30.59 Million | ▼ -12.8% |
| 2008 | 2.67x | CA$132.52 Million | CA$52.78 Million | CA$49.72 Million | ▼ -17.5% |
| 2007 | 3.23x | CA$128.53 Million | CA$15.38 Million | CA$39.76 Million | ▲ +113.8% |
| 2006 | 1.51x | CA$30.47 Million | CA$529.00K | CA$20.15 Million | ▼ -11.0% |
| 2005 | 1.70x | CA$15.20 Million | CA$2.04 Million | CA$8.95 Million | ▲ +560.7% |
| 2004 | 0.26x | CA$1.49 Million | CA$1.47 Million | CA$5.79 Million | ▲ +248.5% |
| 2003 | 0.07x | CA$364.08K | CA$342.52K | CA$4.93 Million | ▼ -93.6% |
| 2002 | 1.15x | CA$5.36 Million | CA$322.16K | CA$4.67 Million | ▼ -65.3% |
| 2001 | 3.30x | CA$6.57 Million | CA$-1.12 Million | CA$1.99 Million | ▼ -65.4% |
| 2000 | 9.54x | CA$1.30 Million | CA$-487.97K | CA$136.75K | ▲ +824.4% |
| 1999 | 1.03x | CA$436.58K | CA$-1.45 Million | CA$422.94K | ▼ -66.2% |
| 1998 | 3.05x | CA$4.01 Million | CA$372.77K | CA$1.31 Million | ▲ +498.4% |
| 1997 | 0.51x | CA$365.51K | CA$336.35K | CA$716.90K | ▲ +108.0% |
| 1996 | -6.37x | CA$-205.82K | CA$-205.82K | CA$32.34K | ▼ -745.6% |
| 1995 | 0.99x | CA$28.19K | CA$28.19K | CA$28.59K | — |